Endeavor Group’s Patrick Whitesell Buys $50.3m in TKO Group Shares By Investing.com

Endeavor Group Holdings, Inc. (NYSE: ) Chairman Patrick Whitesell, TKO Group Holdings, Inc. (NYSE: ) division’s common stock has made significant purchases. TKO is trading at a 52-week high of $149.40, having gained more than 35% over the past six months. According to the latest SEC filings, Whitesell purchased approximately $50.3 million worth of stock in various transactions.

The purchases were made by Endeavor Operating Company, LLC, as part of a pre-established business plan. The transactions took place between January 17 and January 22, 2025, and the price ranged from $142.57 to $146.13 per share. As a result of these acquisitions, Endeavor Operating Company’s outstanding shares increased to 1,031,804. According to InvestingPro data, TKO commands a capitalization of $24.46 billion, analysts are optimistic about the stock.

These transactions further strengthen Endeavor’s stake in the company as part of its ongoing investment in Tico Group Holdings. Ten percent owner Whitesell made these transactions indirectly through Endeavor Operating Company, LLC, and disclaimed beneficial ownership except for his financial interest. According to InvestingPro, analysts expect TKO to be profitable this year, with 12 more unique insights for subscribers.

In other recent news, TKO Group Holdings has seen significant developments. The company has secured a $2.25 billion credit facility and has progressed through a $2.75 billion credit facility through financial initiatives. In addition, TKO Professional acquired Bull Rider, On Area and IMG from Endeavor in an all-inclusive deal valued at $3.25 billion. Analysts at BofA Securities and Citi maintained a buy rating on TKO, although the benchmark downgraded TKO shares from buy to hold due to concerns about slowing growth. TKO agrees to $375 million settlement in consolidated class-action antitrust lawsuit.

In parallel, former WWE CEO Vince McMahon filed a lawsuit with the SEC over undisclosed agreements that bypassed WWE’s internal accounting control system, which resulted in material misstatements in WWE’s 2018 and 2021 financial statements. These undisclosed deals increase WWE’s 2018 net income by approximately 8% and 2021 net income by approximately 1.7%. McMahon agreed to pay a $400,000 civil penalty and to reimburse WWE $1,330,915.90 under Section 304(a) of the Sarbanes-Oxley Act.

These are the latest developments for both TKO Group Holdings and WWE.

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